- From 1 July 2022, VAT groups will become available to taxpayers.
- This will mean that a VAT group can be created by entities that are linked by economic, financial or organisational ties. A representative of a VAT group will act on behalf of the group in relation to the settlement of VAT.
- The supply of goods and services between the members of the VAT group will not be subject to VAT.
- The supply of goods and services with entities outside the VAT group, will be deemed as transactions made with the VAT group.
Source Taxbackinternational